Rebranding of I-495 & I-270 PPP project in Maryland
The Maryland Department of Transportation (MDOT) has announced that the I-495 & I-270 road PPP programme will be rebranded as Op Lanes Maryland.
"Op" is short for "options" and "opportunities". The project is implemented as a public-private partnership (PPP), where the state works together with private businesses to develop the additional toll lanes along sectors of the Capital Beltway and I-270.
MDOT has selected Accelerate Maryland Partners (AMP), a consortium led by Transurban and Macquarie Capital, to work on the design of the project. The selected developer will finance and build the lanes with the concession period of 50 years, during which the partner can set and collect tolls.
Country updates
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